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Angelina_Jolie [31]
3 years ago
6

You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur

chased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Friday, July 23rd. The dividend is payable on July 31st. How much dividend income will you receive on July 31st from ABC
Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

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Answer:

D. Evaluative Criteria

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3 years ago
Cody Barnett describes starting and managing your own business as
artcher [175]

Answer:

Time consuming.

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7 0
3 years ago
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Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. how much interest will he earn after one
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3 years ago
A 12-year, 5% coupon bond pays interest annually. The bond has a face value of $1,000.__________ Fill in the blank, read surroun
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Answer:

12.38% decrease

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